BNP Paribas Financial Markets Has $1.30 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

BNP Paribas Financial Markets lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 37.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,224 shares of the company's stock after selling 12,689 shares during the quarter. BNP Paribas Financial Markets' holdings in Wheaton Precious Metals were worth $1,296,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in shares of Wheaton Precious Metals by 80.1% during the 1st quarter. Cetera Investment Advisers now owns 37,250 shares of the company's stock worth $1,756,000 after acquiring an additional 16,570 shares during the period. Cetera Advisors LLC acquired a new position in Wheaton Precious Metals in the 1st quarter valued at about $400,000. CWM LLC grew its stake in shares of Wheaton Precious Metals by 10.7% in the 2nd quarter. CWM LLC now owns 3,040 shares of the company's stock valued at $159,000 after buying an additional 295 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of Wheaton Precious Metals by 54.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 10,480 shares of the company's stock valued at $549,000 after buying an additional 3,680 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Wheaton Precious Metals in the second quarter valued at approximately $234,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

WPM traded down $0.40 during trading hours on Tuesday, reaching $61.78. 1,245,652 shares of the stock traded hands, compared to its average volume of 1,769,111. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The company has a market cap of $28.03 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 1.72 and a beta of 0.75. The firm's fifty day simple moving average is $62.93 and its two-hundred day simple moving average is $59.70.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period last year, the business earned $0.27 EPS. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

Analyst Upgrades and Downgrades

WPM has been the subject of several research analyst reports. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, October 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price target for the company. Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Scotiabank boosted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $71.67.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.